The other day, domestic molybdenum concentrates price kept stable with small volume of transactions, but molybdenum concentrates market enquiries increased recently. At present, molybdenum price is 2250-2300yuan/mt with a few tansactions, while in Luanchuan county, the price exclusive tax is 2000yuan RMB/mt.

Domestic molybdenum concentrate market became active from yesterday, and enquiries increased. A trader in Luanchuan county said, the transaction volume is not large recently, but the enquiries increased. Some traders quote 2250yuan RMB/mt at present, and they don’t want to sell below the price. Molybdenum concentrates price exclusive tax is 2000yuan RMB/mt, with a few transactions. As a trader in Jilin city said, they sold 20tons of goods yesterday. A mineral enterprise in Mongolia sold 40 tons at 2280yuan RMB/mt. They already rise the price to 2300 yuan /mt, and enquiries increased.

International molybdenum market tend to be stable generally, and European molybdenum oxide can’t be bought below 17 US dollars/ pound. As a domestic trader said, domestic molybdenum market will turn better as international molybdenum market goes stable.